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Oil In Armenia?

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  • Oil In Armenia?

    Ok, I'm only 14 so if I sound juvenile please don't insult me.
    I've just started to read about Armenian History.

    Ok, this is the question that has always been on my mind.
    I've never found the answer to it.
    So far every country neighboring Armenia, has oil.
    I was wondering how the hell is possible for Armenia
    not to have oil? I mean literally is every single bad
    experience have to be put on Armenia? from the
    genocide, the diaspora, political issues all have to fall
    on Armenia?

    Can someone please explain to me if Armenia does infact
    have oil, and what is by far the most profit the country is making
    on what resources?

  • #2
    Re: Oil In Armenia?

    Actually, Turkey and Georgia do not have any significant amount of oil. It is only Azerbaboonjan and Iran that do and that's mainly due to the Caspian. But if you're interested, I read a few months ago that a Canadian company is drilling in Armenia in order to find if it has any oil or natural gas. Never heard what was the end result so i'm assuming they are still drilling.

    Our most profitable resource is the Armenian diaspora. It is the single largest provider of wealth for the country. I am not too certain on what the second largest might be but I suspect it's electricity. Our Metsamor nuclear power plant and a dozen other plants provide us with enough electricity to export it to Georgia and Iran at the least and from what latest reports say, we might be exporting to Turkey too in the near future..

    Another potential resource we could exploit is uranium of which Armenia has tens of thousands of tonnes of according to newly found evidence. However, it will have a devastating impact on the environment...
    Azerbaboon: 9.000 Google hits and counting!

    Comment


    • #3
      Re: Oil In Armenia?

      Wow thank you.
      Is there any route to the Caspian, from Armenia, maybe through Iran?
      If their is can Armenia go drilling in there for oil?

      Comment


      • #4
        Re: Oil In Armenia?

        Originally posted by Icy View Post
        Wow thank you.
        Is there any route to the Caspian, from Armenia, maybe through Iran?
        If their is can Armenia go drilling in there for oil?
        We are currently going to commence building a railroad with Iran that could potentially connect us to the Caspian therefore making it easier to export stuff through there. But we can't go drilling for oil in other people's territories. Even if it's in the Caspian, even bodies of water are separated and given to countries.
        Azerbaboon: 9.000 Google hits and counting!

        Comment


        • #5
          Re: Oil In Armenia?

          Aw, if only we could go drilling, we could maximize profits.
          All we need is Western Armenia, Javakhk, and Nakhchivan back.

          Comment


          • #6
            Re: Oil In Armenia?

            Originally posted by Federate View Post
            Actually, Turkey and Georgia do not have any significant amount of oil. It is only Azerbaboonjan and Iran that do and that's mainly due to the Caspian. But if you're interested, I read a few months ago that a Canadian company is drilling in Armenia in order to find if it has any oil or natural gas. Never heard what was the end result so i'm assuming they are still drilling.

            Our most profitable resource is the Armenian diaspora. It is the single largest provider of wealth for the country. I am not too certain on what the second largest might be but I suspect it's electricity. Our Metsamor nuclear power plant and a dozen other plants provide us with enough electricity to export it to Georgia and Iran at the least and from what latest reports say, we might be exporting to Turkey too in the near future..

            Another potential resource we could exploit is uranium of which Armenia has tens of thousands of tonnes of according to newly found evidence. However, it will have a devastating impact on the environment...
            Weren't there reports that Batman province in Turkey is sitting on Oil reserves? Damn if it's true! another great loss.

            Comment


            • #7
              Re: Oil In Armenia?

              If Armenia strikes oil in South Armenia, that
              would be great.

              Comment


              • #8
                Re: Oil In Armenia?

                Originally posted by Federate View Post
                We are currently going to commence building a railroad with Iran that could potentially connect us to the Caspian therefore making it easier to export stuff through there. But we can't go drilling for oil in other people's territories. Even if it's in the Caspian, even bodies of water are separated and given to countries.
                You can go drilling in other people's territories if you have support by the right thugs. Worked for Kuwait.

                Originally posted by Federate View Post
                Actually, Turkey and Georgia do not have any significant amount of oil. It is only Azerbaboonjan and Iran that do and that's mainly due to the Caspian. But if you're interested, I read a few months ago that a Canadian company is drilling in Armenia in order to find if it has any oil or natural gas. Never heard what was the end result so i'm assuming they are still drilling.
                http://forum.hyeclub.com/showpost.ph...25&postcount=3

                I've heard exploration has proved that there is oil in Armenia but due to the terrain and political landscape, oil companies don't want to make the investment. Besides its not like the people benefit from sitting on top of gold anymore...
                Last edited by KanadaHye; 06-24-2009, 02:31 AM.
                "Nobody can give you freedom. Nobody can give you equality or justice or anything. If you're a man, you take it." ~Malcolm X

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                • #9
                  Re: Oil In Armenia?

                  I've heard exploration has proved that there is oil in Armenia but due to the terrain and political landscape, oil companies don't want to make the investment. Besides its not like the people benefit from sitting on top of gold anymore...[/QUOTE]

                  I have heard that the oil that was found was somewhere in Ararat valley and was to deep and not worth digging. Another claim was that it was from the same oil pool of Azerbaijan. wouldn't it be great to be able to dig it?

                  Comment


                  • #10
                    Re: Oil In Armenia?

                    There is at least enough oil in one well in Armenia to run the country for 10 years at current rate..............just need the investment and proper equipment to get to them.

                    Here is a detailed research on this matter.





                    OIL AND GAS RESOURCES OF ARMENIA
                    Armenian News Network / Groong
                    June 24, 2002

                    By Tim Papworth

                    YEREVAN, ARMENIA


                    Is there oil and gas in Armenia?

                    Yes, there is, as proven by oil recovered from the Shorakhpur-1P well
                    east of Yerevan (the old Russian drilling rig can still be seen on the
                    right hand side of the main road to Garni, close to Voghchaberd
                    village), and the well south-west of Armavir (Oktemberyan-13E) which
                    flowed gas for six months. These prove that the right conditions for
                    oil and gas accumulations exist. The better question to ask is whether
                    commercially exploitable deposits can be found.

                    It is doubtful that large individual oil or gas fields exist in
                    Armenia. Considering the convoluted geological history, it is much
                    more likely that any existing fields will be small and tectonically
                    complex. However even such fields would have a significant economic
                    impact, provided the average well productivity is high enough, and the
                    oil price remains at reasonable levels (250 barrels of oil per day at
                    $16 per barrel). It is very important to keep operational costs at a
                    reasonable level. With a fully functioning drilling rig still in
                    country, plus considerable amounts of ancillary equipment and
                    materials, this should be possible.

                    Armenia lies within the Caucasian orogenic belt situated between the
                    Black and Caspian seas. This orogenic belt was formed as a result of
                    the closure of a number of Tethyan Ocean tracts since as long ago as
                    the Devonian. The remnants of some of these paleo-oceans are
                    represented in Armenia by up to three narrow, discontinuous belts of
                    ophiolites, which are Jurassic to Cretaceous in age. These ophiolite
                    belts serve to divide the country into a series of NW-SE trending
                    tectonic zones.

                    The south-western zone is represented by three basins, the Oktemberyan,
                    Artashat and Surinaven. They lie along the course of the present day
                    River Araks, which forms the border with Turkey. Their sedimentary
                    section is Tertiary in age and floored by ophiolites (Cretaceous or
                    Jurassic in age) or Paleozoic sediments. The Oktemberyan Basin, SW of
                    Armavir, is prospective for gas.

                    To the NE, the section rises onto a regional high composed of Paleozoic
                    metasediments, before dipping again into a large sedimentary basin known
                    as the Central Depression, which has oil potential. These sediments
                    range from Permian to Quaternary in age. The structure of this basin is
                    complex, with folding, wrench faulting, and possibly thrust faulting
                    present. Near the NW end of the Central Depression lies the Aragats
                    volcano, dormant since Pliocene times.

                    Serious exploration for oil and gas began in 1947. There have been two
                    phases - the first, 1947-1974 (the first borehole, Avan-1 was drilled to
                    5,600 feet in 1948); the second, 1981-1990.

                    During the first phase, 55 deep wells and 115 structural/mapping wells
                    were drilled. Shows of hydrocarbons were encountered in a number of
                    them. The Oktemberyan-13E well tested gas at rates of 1.54 million
                    cubic feet per day, the flow continuing for six months. Oil and gas
                    shows recorded in Shorakhpur-31E led to further drilling on that
                    prospect at a later date. The USSR Ministry of Geology decided to
                    terminate exploration activities in 1974. Soviet planners decided that
                    exploration targets identified from this phase of exploration compared
                    unfavourably with other areas in the USSR, which had lower exploration
                    risk and were closer to existing production infrastructure.

                    The most significant result of the second phase was the recovery of
                    about one cubic metre of oil from a Lower Eocene / Paleocene reservoir
                    in Shorakhpur-1P. This was the first oil recovery of any significance in
                    Armenia, albeit a small one. Except for operational difficulties
                    considerably more oil could have been recovered. Extensive oil shows
                    were seen over 400 feet of rock section. In addition, the Oktemberyan-1P
                    well tested gas at the equivalent rate of 0.85 million cubic feet per
                    day for a short duration from fractures within an ophiolite. The second
                    phase ended with the collapse of the Soviet Union.

                    Many boreholes have been drilled in Armenia, mostly for research
                    purposes, but virtually none with serious commercial intent. Because of
                    severe technical difficulties in obtaining adequate seismic data over
                    areas covered with basalt, useable seismic data was not obtained until
                    the 1980's. Most boreholes predated the seismic, so that only those
                    drilled in the 1980's could have been located on seismically defined
                    structures. Even for the last four wells, it is apparent that seismic
                    data was used only in a limited manner.

                    Furthermore, drilling rates for boreholes were very slow, averaging less
                    than 16 feet a day. Many boreholes took two, even three years to drill
                    (the Shorakhpur-1P well took over four). This meant reservoirs were left
                    exposed for long periods, with unsuitable drilling muds being used,
                    which may have suppressed possible oil reservoir flow. The general
                    motivation of Soviet-style exploration was for quantity (number of feet
                    drilled), often at the expense of quality. For instance, many miles of
                    seismic data acquired completely lacked interpretable seismic
                    reflections. The level of technology employed in some regions, in terms
                    of equipment and techniques, were not adequate to the task.

                    In order to determine Armenia's real hydrocarbon potential, the Armenian
                    government requested the assistance of the U.S. Trade and Development
                    Agency (TDA). As a result, a study was carried out by consultants hired
                    by the California Energy Commission. The work was largely based upon a
                    two weeks visit to Armenia during a winter of extreme hardship, and
                    based upon a somewhat limited amount of material provided by several
                    local experts. The reserves of oil and gas calculated by the consultants
                    were significantly overestimated, because some of the data supplied was
                    not reliable.

                    During the period 1993-5 a serious attempt was made by a group of
                    concerned Armenian Diaspora businessmen to fund the drilling of two
                    exploration wells in the Oktemberyan and Shorakhpur areas. This was
                    known as the Armoil project. Unfortunately the project was never fully
                    realised in spite of a very large expenditure. As a result of this
                    project, modern seismic equipment was sent to Armenia, which was used
                    when seismic operations started during 1997.

                    A more comprehensive study, involving the analysis of all existing well
                    and seismic data (but no new seismic or drilling work), to assess the
                    hydrocarbon potential of Armenia commenced in July 1994. This was
                    undertaken by a Robertson Research (UK) / Partex (Portugal) consortium,
                    and funded by Tacis (EU Technical Assistance to CIS). The contract was
                    one year long and resulted in a four volume report and the setting up of
                    a comprehensive RA oil and gas exploration databank (comprised primarily
                    of seismic and well log data).

                    The Tacis study concluded that average resource-in-place prospects of 70
                    million barrels of oil (estimated 14 million barrels recoverable) exist
                    in the Garni-Shorakhpur area, east of Yerevan (part of the Central
                    Depression), and 144 bcf gas resource-in-place prospects (110 bcf plus
                    recoverable) in the Oktemberyan Basin area.

                    According to this study, when considering all the wells drilled between
                    1947 and 1989, only 16 have been drilled on valid prospects. Out of these,
                    13 penetrated the main objective, 3 did not, while 7 were inadequately
                    evaluated. For the remaining 6 wells, 4 were dry (Oktemberyan-13AE, 12E,
                    Markara-5P, Garni-1P), while 2 were non-commercial gas wells
                    (Oktemberyan-7P, 13E). The lack of exploration success in Armenia is
                    primarily due to the failure to identify and drill valid structures,
                    although other factors such as reservoir quality are also very important.

                    Following on from the initial project, there was a second Tacis project
                    assisting RA efforts to find oil and gas investors. In due course, this
                    resulted in the eventual signing in January 1997 of a Production Sharing
                    Agreement between the Ministry of Energy and the Armenian American
                    Exploration Company (`AAEC') from San Diego, California.

                    AAEC committed to a three well program and sixty kilometres of seismic
                    all to be completed within one year, and a minimum expenditure of ten
                    million dollars. The program itself, given the large size of the
                    concession, was a reasonable and fair one, but the time period for
                    achieving it proved to be unrealistic.

                    During the period July 1997 to March 1998, AAEC recorded over 200
                    kilometres of reflection seismic data using a local Armenian seismic
                    contractor (ArmEnergoSeismoProjects). In August 1997 AAEC purchased its
                    own Skytop Brewster drilling rig in France which was then shipped via
                    the Black Sea, arriving in October. AAEC set up its own camp, and
                    drilling of the Azat-1 exploration well commenced in December. By July
                    1998 the well had been drilled to 11,560 feet and had encountered minor
                    traces of oil. By this time over twenty million dollars had been spent.

                    Predominantly for financial reasons, drilling activity ceased although
                    technical studies continued. The northern part of the licence
                    (considered to be unprospective) was relinquished in March this year,
                    and the licence for the southern Block 2 (7,250 square kilometres)
                    extended for a further two years until March 2004. The Ministry of
                    Energy released AAEC from its remaining work obligations. AAEC is
                    currently seeking new investment partners.

                    Currently AAEC is the only prospector in Armenia. Hunt Energy and
                    Minerals (Hemco) applied for an exploration licence in eastern Armenia
                    during 1998 but were unable to agree contract terms with the Ministry of
                    Energy. An unnamed company recently showed interest in a licence area in
                    NE Armenia, but detailed discussions with the Ministry of Energy have
                    yet to start.

                    Recent studies suggest that the two oil prospects, Shorakhpur and
                    Nubarashen, east of Yerevan, contain potential recoverable reserves of 20
                    million barrels each. Over a ten year period, the two fields combined
                    could produce 11,000 barrels of oil per day, which is about equal to the
                    current daily consumption of petroleum products (gasoline, diesel,
                    kerosene etc.) in Armenia. Other fields of similar size could exist,
                    particularly northwards, towards the villages of Aramus and Fontan.

                    In the area SW of Armavir, at least four gas prospects have been
                    identified, with reserve sizes ranging from 10 to 40 bcf (billions of
                    cubic feet) of gas. Statistically these are `most likely' estimates -
                    i.e. probabilities of at least 50% that these reserves exist; actual
                    reserves could be much greater. There are at least another eight
                    similar size (or larger) prospects known, but they require more
                    technical work. A reasonable estimate of gas potential so far is
                    therefore 500 bcf or greater, which represents a ten year supply for
                    Armenia, as the amount of gas currently imported is currently about 50
                    bcf per year. Northern and eastern parts of the Oktemberyan Basin
                    remain virtually unexplored and would be expected to yield further
                    deposits.

                    There remains hydrocarbon potential in areas outside Block 2 (AAEC's
                    licence area) which, so far, have had little serious study. For
                    instance:

                    - there were reports of releases of gas during the 1988 Spitak
                    earthquake in that region;

                    - Permian-age organic rich, mature, oil and gas prone calcareous shales
                    and mudstones are present largely in SE Armenia (there is an
                    unsubstantiated report of an oil show in the Meghri area);

                    - an oil seep at the Yeranos borehole, SE of Lake Sevan, is still
                    active;

                    - medium/light oil was recovered from drilling muds in the Mid-Jurassic
                    of the Ahkakhlu-3 borehole in the Idjevan coal field area;

                    - heavy waxy asphaltic residual oil was found in Triassic coals in the
                    Ghermanis-4 borehole, west of Yeghegnadzor.


                    ----------------------------------------------------------------------
                    Tim Papworth is a UK-based petroleum exploration consultant with over
                    thirty years of experience in areas including the North Sea, onshore
                    UK, Libya, Egypt, Tunisia, Malaysia, Gabon, Namibia, Georgia and
                    Russia. He has worked intermittently in Armenia since 1994 and is
                    currently General Manager of the AAEC Yerevan office.

                    For further information on oil in Armenia one can contact the author
                    at [email protected], or Dr. Andranik Aghabalyan, General Director
                    of Geoenergy CJSC, at [email protected]. Geoenergy represents the
                    RA Ministry of Energy in all negotiations.
                    The AAEC website is at: http://www.armeniaoil.am


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